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April 23, 2024 |
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| Home > Small Business Lenders by State > Colorado Business Loan Sources > Lamar, Business Loans > Colorado East Bank & Trust Lamar Business Loans > Motor Vehicle Towing Loan | ||||
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How to Get SBA Loans in Buena Vista, Colorado
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Getting an SBA Loan for Motor Vehicle TowingLooking for business loans for motor vehicle towing? Talk to a banker who works with the SBA. This $407,000 motor vehicle towing loan was issued by a Colorado bank. This business knew how to go about getting a business bank loan. Based in Buena Vista, Colorado, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Colorado East Bank & Trust, based in Lamar, Colorado. SBA Loan Borrower COMPANY TYPE: MOTOR VEHICLE TOWING SBA Loan Lender COLORADO EAST BANK & TRUST This bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 488410 - Motor Vehicle Towing Loan Approval Date 4/8/2003 Loan Approval Gross Amount $407,000 Loan Approval from the SBA Of the total $407,000 loan amount, the SBA guaranteed $305,250. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower did not indicate that the company promised to use the funding to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. About This SBA Loan Information: All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ. Related Links: SBA 7A Banks in Lamar, Colorado
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